Contract farming has evolved over the years to become a more efficient method for agriculture. It requires less space, requires fewer workers and it is far more environmentally friendly. In traditional farming methods, the soil of the land must be in good condition, the soil is not properly prepared and there must be the correct amount of rainfall. All these factors mean that it is more costly to farm land that is in poor condition and that it takes more time to produce the desired result. Contract farming on the other hand works on a smaller scale. Contract farming usually involves small farms that have little need for expensive machinery.
Contract Farming in India
Indian Contract Act Research Papers - sportscardreport.info
In the recent era of rapid economic changes, slow agricultural growth has become a major area of concern in academic and public domains. In order to galvanize this sector, there are increasing efforts from various corners of the economy through an alternative institutional arrangement. In response to this, contract farming has evolved as an alternative institution. However, there is a growing debate in the academic world whether contract farming would benefit Indian agriculture or not. The pro-contract farming researchers argue that the contract-farming system could raise the income of farmers by increasing productivity. The critics argue that contract production is one mode of capitalist penetration into agriculture for capital accumulation and exploitation of the farming sector.
Indian Contract Act
Full references including those not matched with items on IDEAS Most related items These are the items that most often cite the same works as this one and are cited by the same works as this one. Discussion Papers. Nagaraj, N.
In India the only source of Income is agriculture. It is the backbone of our economic system. Know more about Contract Farming. Farming is the process of working on the surface of the ground, planting seeds, and growing good to eat plants. Contract Farming is an agreement between farmers and cooperative firms for the supply and production of agriculture goods, under predefined agreements and price.